Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: augieboo who wrote (518)	6/18/2002 2:18:40 PM
From: Jim Willie CB	Read Replies (1) of 89467

jackass on carry trades with futures if you deal only on cash market you borrow USTBill rate of 1.75% you buy gold if both cash, and gold rises 10% while rates stay same, then you make 10% if instead, you short TBill future contract, and go long a gold futures contract, and gold rises 10% while TBill stays same, then your 30:1 futures leverage makes you 300% which in my book is more than 10% on cash market like shorting a stock versus buying an option put and the stock drops a big chunk futures add leverage just like options Barrick has a combo of shorted futures contracts AND naked short option puts they work the same way, with heavy leverage and in Barrick's case, deadly leverage just read that Barrick was incorporated wiht the aid of the US Federal Reserve its hidden ostensible raison d'etre was to short the gold market for a decade or longer it will go down as a hallmark to currency control corruption / jim

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